This famous equation shows the relationship pretty clearly:
dG = dH - TdS
where dG is the change in Gibb's Energy and dH is the enthalpy change.
For example, if dH>0 and dS<0, the rxn will be spontaneous at all temperatures. (the reaction is spontaneous if dG<0))
If both dH and dS <0, the rxn will be spontaneous at low temperatures.
The equation you wrote looked a lot like a (wrong) version of this when dG = 0 (chemical equilibrium), for example in phase changes.
Let's assume that water freezes at exactly 273K, then
H2O(l) <---> H2O(s), and dG=0 =>
dS = dH / T